Hi you all!
We've been patiently waiting for the best levels to jump back into Bitcoin.
After a week of PATIENCE here I am to bring you the updates you're looking for.
This is the evolution my prediction has been following:
1) This is where all started
2) This is the second update I made
3) This is the las update I made last week
And after a week, we've reached our C target.
The big question is: Is finally the bear rally over?
Certainly there are some reversal signs in some indicators like RSI (check out the bull divergence in RSI)
However most of this indicators tend to go in advance of the price. So another leg down could be also possible
I think we still have a chance to have an extended wave C with one more impulse headed down
Conclutions
My prediction has been a completely succeess yet bear trend has not been clearly broken yet.
I would rather trade a very established bull trend than try to jump in too early. We could be in an extended C wave which could go as down as the previous bottom.
Adding some positions at the previous bottom (making a double bottom) would be my ideal scenario to start building a position into Bitcoin.
Thanks for reading!
So waiting to go down and BTC makes a double bottom to indicate a price reversal up and then, you will buy....good plan....I am waiting to go down more to $7k or so to buy more.
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I think certainly time to make moves into crypto has arrived. Did you finally bought around 7k?
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The price of BTC has not gone down again that far to $7k yet. My projection is by this coming Friday when the BTC price usually goes down the lowest of a week.
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You got a 4.28% upvote from @allaz courtesy of @luiggih!
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I had hoped that a double bottom wasn't coming as bitcoin falling seems to drag everything down with it as of the past few months which didn't used to be the case (mainly I'm concerned with Steem not falling too much more).
But you do pose a very valid argument and the charts are definitely not showing any sign of BTC breaking out of this bear trend yet.
Aside from the charts, big money and the mainstream financial media certainly seem to want a lower BTC price at the moment--Goldman Sachs and CNBC have very clearly demonstrated that. I have a feeling that the entry of institutional money into the crypto world recently is partly what's behind this move down. I think they all want in cheaper just like Jamie Dimon and the JPM traders did when Bitcoin was heading towards the 5K level for the first time (yet Dimon was very dishonest about his intentions and I suspect the other big investment banks / big money are doing the same thing right now).
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Apparently you got it right. Eventually wallstreet will let crypto breath.
IMHO crypto alt season is about to start. I think BTC will slowly consolidate and climb back to 12k in the upcoming months.... and that scenario will be great for altcoins to take on % BTC share.
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Sneaky Ninja Attack! You have just been defended with a 2.86% upvote!
I was summoned by luiggih. I have done their bidding and now I will vanish…
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Great post! You just got a 13.60% upvote from @edensgarden!
Thanks for tasting the eden!
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Great buying opportunity at $6000 which was the origin of the huge move that took price to $20000 and where price bounced back to $12000.
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Good call!
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This post has received a 9.22% upvote from
thanks to: @luiggih.
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I was at a conference in Florida this week and missed following the market, following cryptos and following you. Missed getting your updates.
It certainly looks like your call for a double top and a reversal was a great call and your continued updates with possibly retouching the Feb 6 bottom. I have money waiting to jump in, but am lucky to be at a conference and not able to buy. I have much better entry points in the alt coins, since they have taken pretty awesome corrections.
I hope others will see this as an opportunity and not be too stressed out, since May will bring an event where big money will be be sharing their strategies for getting in the blockchain/crypto market. I still say this year will bring new highs.
Congrats also for another bump in your reputation and the big jump in followers!
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What are you thinking 🤔 now. Small correction and then up or more downside. Thanks
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Hey luiggih, we haven't seen any posts in a while. I hope all is well and I hope to see you back soon.
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Hi my friend! I've had a few weeks holiday where I disconnected from all crypto.
Also, there were no profitable trades (IMHO) because market was at turmoil.
Now I'm back again getting ready to make some profitable trades!
Hope you're doing okay! Did you got your savings ready to make some moves?? :P
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Great to hear you are alive and back:) A fews weeks of holiday sounds great. I forgot that Europeans take a big holiday every year.
I borrowed my July bonus amount from my brothers and will repay them when I receive it. The opportunities were too great to miss. I built up some solid positions and dollar cost averaged several others. I just read my Crypto currency newsletter yesterday on my return flight from Germany, where I attended our annual company innovation/technology conference at our purchasing headquarters. 2018 is going to be incredible for my blockchain positions. I can't wait!
Write me at [email protected] and I can tell you more...
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